German auto concern declares bankruptcy.  It has been around for 156 years

This vague name covers a group of companies headquartered in Bocholt, Germany. Its history dates back to 1866, when a family business was dealing in the supply of cotton wool to line the seats in carriages. Over the years, the company’s activity has expanded significantly, today it employs about 5,000 people in 19 factories and deals with, among other things, the production of soundproofing materials and floor coverings.

In addition to factories in Germany, there are production plants in China, the Czech Republic, Spain, the USA, Sweden, Great Britain, as well as in Poland – in 2017, a production plant was opened in Złotoryja.

Unfortunately, rising energy prices and rising material costs have caused the company to lose liquidity. Therefore, applications have been submitted to the German court to start bankruptcy proceedings for the group’s subsidiaries, Borgers SE & Co. KGaA, Borgers Management SE, Johann Borgers GmbH, Johann Borgers Berlin GmbH and Borgers Süd GmbH.

This procedure does not apply to companies operating outside Germany, and production continues in factories.


Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pension indexation 2024. Check out the new accounts – this is how pensions are supposed to grow

Pensions rose this year by a record 14.8 percent, and the reason…

ZUS grants one-time compensation. Average PLN 8,391. Who can apply for the money?

ZUS grants one-time compensation Any legally employed employee registered with ZUS Accident…

Opening of a new German chain of stores in Poland. Lidl and Biedronka with serious competition? What does Mix Market offer? Where will the shops be built?

German food chain Mix Markt in Poland already has three stores –…

Santander Bank Polska, mBank, BNP Paribas, Alior Bank, Credit Agricole, Nest Bank – service business, difficulties [lista]

Santander Bank Polska, mBank, BNP Paribas, Alior Bank, Credit Agricole, Nest Bank…